Index Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
S&P 500 Industrials (Sector) (CME:SP500-20)
Crossroads (+60) - SP500-20 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SP500-20?
MarketClub looks at technical strength and momentum to determine if the timing is right for SP500-20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SP500-20
The long-term trend has been DOWN since Feb 25th, 2020 at 664.92
The intermediate-term trend has been UP since May 26th, 2020 at 542.89
The short-term trend has been UP since May 18th, 2020 at 509.14
Smart Scan Analysis for SP500-20
Based on our trend formula, SP500-20 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||680.89||52wk High Date||2018-01-29|
|52wk Low||563.06||52wk Low Date||2018-10-29|